Consider the following balance sheet data for Caras Party Supply:

Cash	$	104,000		Accounts payable	$	104,500
Accounts receivable		224,500		Notes payable		111,000
Inventories		342,000		Accrued wages and taxes		83,500
Total current assets	$	670,500		Total current liabilities	$	299,000
				Long-term bonds		271,000
				Common stock		120,000
Net fixed assets		264,000		Retained earnings		244,500
Total assets	$	934,500		Total liabilities & equity	$	934,500

What is the firm's total equity?

	a.	$120,000
	b.	$570,000
	c.	$244,500
	d.	$364,500
	e.	$934,500